Leading provider of business consulting services, Huron Consulting Group (HURN), recently announced that it has appointed Tracey Mayberry and Kevin Smith as managing directors (MDs) of Information Technology (IT) and Revenue cycle, respectively, within its Healthcare operating segment.
With more than 30 years of experience in healthcare industry management and consulting, Tracey will be responsible for providing IT consulting services to Huron’s hospital and health system clients. Tracey, who was previously working with Computer Science Corporation (CSC), is expected to provide his technical expertise and vast domain knowledge for the overall benefit of healthcare clients.
Huron has re-appointed Kevin to work on Revenue cycle transformation projects and will be responsible for redesigning the billing and collection processes to generate sustainable cash flow and improve net income for its hospitals and health systems across the country.
Huron’s recent appointments in two key areas are expected to help it in improving its long-term performance through improved quality service. Both the MDs are also expected to judiciously use the company’s resources and aid in generating sustainable cost savings to the company.
Huron reports its operating results under five segments: Huron Healthcare; Huron Legal; Huron Education and Life Sciences; Huron Financial; and All Other. The Healthcare segment generates the bulk of total revenue for the company.
During the last reported quarter, Huron generated revenues of $164 million, up 18.6% compared with the year-ago quarter, out of which Healthcare contributed 48%. Additionally, Huron Healthcare reported an exceptional 96.7% jump in its operating income in first quarter 2013, relative to its first quarter results in 2012.
Huron currently carries a Zacks Rank #1 (Strong Buy). Some of the better-placed stocks within the consulting industry worth mentioning include Information Services Group, Inc. (III), Hill International, Inc. (HIL) and Towers Watson & Co. (TW). While Information Service carries a Zacks Rank #1 (Strong Buy), Hill International and Towers Watson each carries a Zacks Rank #2 (Buy).Read the Full Research Report on HURN
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